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SmartStream Launch QA Testing as a Service for Collateral Management

SmartStream Technologies, the financial Transaction Lifecycle Management
(TLM®) solutions provider, today announced the addition of
Quality Assurance (QA) testing as a service for its TLM Collateral
Management solution. The new service enables collateral administration
desks to stay current with changes in the market and regulations, whilst
providing the best service to clients.

Many banks have stringent internal testing requirements for new
functionality to ensure continuity, connectivity and integration. To
reduce the amount of time and expertise devoted to this rigorous testing
regime, whilst optimising the effort, cost and outcome, SmartStream is
partnering with banks to provide QA testing as a service, delivered by
its TLM Collateral Management platform.

SmartStream will deliver a comprehensive suite of automated and manual
tests, allowing financial institutions to leverage SmartStream's
internal testing capabilities and expertise. Customers' own tests can be
incorporated and their customisations deployed. This enables clients to
take on new functionality more rapidly and vastly reduce internal
testing efforts.

Jason Ang, Product Manager, SmartStream, states: "Transparency is key
when clients upgrade - our clients recognise the challenge in staying
ahead with the most recent releases, new regulatory requirements,
operational and market functionality, at the same time preparing for
risk mitigation strategies, maintaining connections to internal systems
and managing costs".

TLM Collateral Management is a comprehensive, automated data management
solution that helps financial institutions reduce operational risks
associated with collateral management programs. It offers a variety of
functions to support the increasing use of collateral within the local
and global banking community, with coverage for cleared and non-cleared
over-the-counter (OTC) Derivatives Margining, Repo Margining and
Securities Lending Margining.